Can I retire at age 50 with 918,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$75,808$75,132$74,474$73,830$73,203$72,468
2 years$37,529$36,830$36,152$35,495$34,858$34,119
3 years$24,770$24,069$23,393$22,742$22,116$21,394
4 years$18,393$17,693$17,024$16,385$15,773$15,074
5 years$14,567$13,871$13,211$12,585$11,990$11,317
6 years$12,017$11,327$10,677$10,064$9,488$8,840
7 years$10,197$9,512$8,872$8,274$7,716$7,095
8 years$8,832$8,154$7,525$6,941$6,401$5,806
9 years$7,771$7,099$6,481$5,912$5,391$4,822
10 years$6,923$6,258$5,650$5,096$4,593$4,050
11 years$6,230$5,571$4,974$4,435$3,950$3,433
12 years$5,652$5,000$4,415$3,890$3,423$2,931
13 years$5,164$4,519$3,944$3,435$2,985$2,517
14 years$4,746$4,107$3,544$3,049$2,617$2,172
15 years$4,384$3,752$3,200$2,719$2,304$1,882
16 years$4,067$3,443$2,901$2,435$2,036$1,637
17 years$3,788$3,170$2,640$2,188$1,805$1,427
18 years$3,540$2,930$2,410$1,971$1,605$1,248
19 years$3,319$2,715$2,206$1,781$1,431$1,094
20 years$3,120$2,523$2,025$1,613$1,278$960
21 years$2,940$2,350$1,862$1,464$1,144$844
22 years$2,777$2,194$1,716$1,331$1,025$743
23 years$2,628$2,052$1,585$1,212$920$655
24 years$2,492$1,922$1,466$1,106$827$578
25 years$2,367$1,804$1,357$1,010$744$511
26 years$2,251$1,696$1,259$923$670$452
27 years$2,145$1,596$1,169$845$604$400
28 years$2,046$1,504$1,087$774$545$354
29 years$1,954$1,418$1,011$710$493$314
30 years$1,869$1,340$942$652$445$278
31 years$1,789$1,266$878$599$402$246
32 years$1,714$1,198$819$550$364$219
33 years$1,644$1,135$765$506$329$194
34 years$1,578$1,076$715$465$298$172
35 years$1,516$1,020$668$428$270$153
36 years$1,458$968$625$395$245$136
37 years$1,403$920$585$364$222$121
38 years$1,351$874$548$335$201$107
39 years$1,302$831$513$309$182$95
40 years$1,255$791$481$285$165$85
41 years$1,211$753$451$263$150$75
42 years$1,169$717$423$243$136$67
43 years$1,129$683$397$224$124$59
44 years$1,091$651$373$207$112$53
45 years$1,054$621$350$191$102$47
46 years$1,020$592$329$176$92$42
47 years$987$565$309$163$84$37
48 years$955$539$290$151$76$33
49 years$925$515$273$139$69$29
50 years$896$492$257$129$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $918,000, adding $5,344 every year, while hoping to spend $47,337 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 32/44/24 Blend
49$918,000$918,000$918,000$918,000
50$1,017,148$968,494$954,265$1,042,058
51$1,070,531$965,584$935,867$1,058,455
52$1,127,773$960,945$915,266$1,071,488
53$1,189,216$954,442$892,338$1,084,569
54$1,255,239$945,933$866,954$1,097,732
55$1,326,255$935,265$838,978$1,111,020
56$1,402,718$922,278$808,270$1,124,485
57$1,485,128$906,803$774,679$1,138,187
58$1,574,033$888,658$738,053$1,152,197
59$1,670,035$867,652$698,228$1,166,601
60$1,773,796$843,584$655,036$1,181,495
61$1,886,042$816,240$608,299$1,196,995
62$2,007,575$785,392$557,834$1,213,231
63$2,139,273$750,801$503,446$1,230,356
64$2,282,101$712,213$444,934$1,248,542
65$2,437,124$669,360$382,088$1,267,990
66$2,605,510$621,958$314,688$1,288,925
67$2,788,546$569,707$242,503$1,311,606
68$2,987,644$512,290$165,294$1,336,326
69$3,204,363$449,371$82,810$1,363,417
70$3,440,415$380,597$0$1,393,255
71$3,697,684$305,593$0$1,427,600
72$3,978,244$223,963$0$1,488,312
73$4,284,378$135,291$0$1,554,774
74$4,618,599$39,135$0$1,627,668
75$4,983,673$0$0$1,707,756
76$5,382,645$0$0$1,827,339
77$5,818,867$0$0$1,978,938
78$6,296,030$0$0$2,144,904
79$6,818,199$0$0$2,326,669
80$7,389,847$0$0$2,525,808
81$8,015,904$0$0$2,744,056
82$8,701,797$0$0$2,983,325
83$9,453,500$0$0$3,245,719
84$10,277,597$0$0$3,533,558
85$11,181,337$0$0$3,849,395
86$12,172,704$0$0$4,196,042
87$13,260,494$0$0$4,576,599
88$14,454,392$0$0$4,994,479
89$15,765,069$0$0$5,453,440
90$17,204,280$0$0$5,957,626
91$18,784,973$0$0$6,511,599
92$20,521,411$0$0$7,120,385
93$22,429,307$0$0$7,789,523
94$24,525,972$0$0$8,525,112
95$26,830,476$0$0$9,333,875
96$29,363,830$0$0$10,223,217
97$32,149,180$0$0$11,201,296
98$35,212,028$0$0$12,277,102
99$38,580,471$0$0$13,460,537
100$42,285,465$0$0$14,762,515